Reinsurance in Israel, Key Trends and Opportunities to 2018

Timetric
March 13, 2015
TIM19646
$1,950.00

Synopsis
The absence of a domestic reinsurer in Israel, and with no licensing requirement for foreign reinsurers to accept business from Israeli insurers, has led to a proliferation of overseas reinsurers. The reinsurance premium ceded by the life segment increased from ILS976.5 million (US$248.3 million) in 2009 to ILS1.3 billion (US$360.6 million) in 2013, at a review-period (2009–2013) compound annual growth rate (CAGR) of 7.5%, while the reinsurance ceded by the non-life segment fell from ILS5.3 billion (US$1.33 billion) to ILS4.6 billion (US$1.27 billion). The reinsurance premium ceded by the personal accident and health segment rose from ILS904.6 million (US$230.0 million) in 2009 to ILS949.0 million (US$262.2 million) in 2013.

Summary
The report provides in-depth market analysis, information and insights into the Israeli reinsurance segment, including:

• The Israeli reinsurance segment's growth prospects by reinsurance category

• Key drivers for the reinsurance segment

• Israeli reinsurance segment’s growth prospects by reinsurance ceded from direct insurance

• The competitive landscape in the Israeli reinsurance segment

Scope
This report provides a comprehensive analysis of the reinsurance segment in Israel:

• It provides historical values for Israel’s reinsurance segment for the report’s 2009–2013 review period, and projected figures for the 2013–2018 forecast period.

• It offers a detailed analysis of the key categories in Israel’s reinsurance segment, along with market forecasts until 2018.

• It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Israeli its growth prospects.

Reasons To Buy
• Make strategic business decisions using in-depth historic and forecast market data related to the Israeli reinsurance segment and each sector within it

• Understand the demand-side dynamics, key market trends and growth opportunities in the Israeli reinsurance segment

• Identify the growth opportunities and market dynamics in key product categories

• Gain insights into key regulations governing the Israeli insurance industry, and their impact on companies and the industry's future

Key Highlights
• The absence of a domestic reinsurer in Israel, and with no licensing requirement for foreign reinsurers to accept business from Israeli insurers, has led to a proliferation of overseas reinsurers.

• The current political unrest in Israel makes it vulnerable to terrorist attacks. In addition, the recent war in Gaza in July–August 2014 and concern of earthquakes also support the segment growth.

• The impending implementation of Solvency II equivalence which takes all risks into consideration will ensure that insurers can meet their obligations and strengthen the reinsurance segment.

'

1 Key Facts and Events
2 Executive Summary
3 Introduction
3.1 What is this Report About?
3.2 Definitions
3.3 Methodology
4 Israeli Insurance Industry Attractiveness
4.1 Insurance Industry Size, 2009–2018
5 Reinsurance Growth Dynamics and Challenges
5.1 Reinsurance Segment Size by Premium Ceded, 2009–2018
6 Key Industry Drivers
6.1 Reinsurance Drivers
6.2 Life Insurance Drivers
6.3 Non-Life Insurance Drivers
6.4 Personal Accident and Health Insurance Drivers
7 Competitive Landscape and Strategic Insights
7.1 Overview
7.2 Leading Companies in the Israeli Reinsurance Segment
7.3 Swiss Reinsurance Company Ltd – Company Overview
7.3.1 Swiss Reinsurance Company Ltd – key facts
8 Appendix – 1
8.1 Business Confidence
9 Appendix – 2
9.1 Methodology
9.2 Contact Timetric
9.3 About Timetric
9.4 Timetric’s Services
9.5 Disclaimer

Table 1: Israeli Reinsurance – Key Facts, 2013
Table 2: Insurance Industry Definitions
Table 3: Israeli Insurance Industry – Gross Written Premium by Segment (ILS Billion), 2009–2013
Table 4: Israeli Insurance Industry – Gross Written Premium by Segment (US$ Billion), 2009–2013
Table 5: Israeli Insurance Industry – Gross Written Premium by Segment (ILS Billion), 2013–2018
Table 6: Israeli Insurance Industry – Gross Written Premium by Segment (US$ Billion), 2013–2018
Table 7: Israeli Insurance Industry – Gross Written Premium by Segment (Percentage Share), 2009–2018
Table 8: Israeli Insurance Industry – Direct Written Premium by Segment (ILS Billion), 2009–2013
Table 9: Israeli Insurance Industry – Direct Written Premium by Segment (US$ Billion), 2009–2013
Table 10: Israeli Insurance Industry – Direct Written Premium by Segment (ILS Billion), 2013–2018
Table 11: Israeli Insurance Industry – Direct Written Premium by Segment (US$ Billion), 2013–2018
Table 12: Israeli Insurance Industry – Direct Written Premium by Segment (Percentage Share), 2009–2018
Table 13: Israeli Reinsurance – Premium Ceded by Type of Insurance (ILS Million), 2009–2013
Table 14: Israeli Reinsurance – Premium Ceded by Type of Insurance (US$ Million), 2009–2013
Table 15: Israeli Reinsurance – Premium Ceded by Type of Insurance (ILS Million), 2013–2018
Table 16: Israeli Reinsurance – Premium Ceded by Type of Insurance (US$ Million), 2013–2018
Table 17: Israeli Life Insurance – Percentage of Reinsurance Ceded (%), 2009–2013
Table 18: Israeli Life Insurance – Percentage of Reinsurance Ceded (%), 2013–2018
Table 19: Israeli Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2009–2013
Table 20: Israeli Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2013–2018
Table 21: Israeli Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2009–2013
Table 22: Israeli Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2013–2018
Table 23: Key Companies in Israeli Reinsurance Segment, 2013
Table 24: Swiss Reinsurance Company Ltd, Key Facts

Figure 1: Israeli Insurance Industry – Gross Written Premium by Segment (ILS Billion), 2009–2018
Figure 2: Israeli Insurance Industry – Gross Written Premium Dynamics by Segment, (2009–2018)
Figure 3: Israeli Insurance Industry – Direct Written Premium by Segment (ILS Billion), 2009–2018
Figure 4: Israeli Insurance Industry – Direct Written Premium Dynamics by Segment (2009–2018)
Figure 5: Israeli Reinsurance – Premium Ceded by Type of Insurance (ILS Billion), 2009–2018
Figure 6: Israeli Reinsurance – Premium Ceded Dynamics by Type of Insurance, 2009–2018
Figure 7: Israeli Life Insurance – Percentage of Reinsurance Ceded (%), 2009–2013
Figure 8: Israeli Life Insurance – Percentage of Reinsurance Ceded (%), 2013–2018
Figure 9: Israeli Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2009–2013
Figure 10: Israeli Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2013–2018
Figure 11: Israeli Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2009–2013
Figure 12: Israeli Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2013–2018
Figure 13: Tel Aviv Stock Exchange (TASE) – Market Capitalization (US$ Billion), 2008–2012
Figure 14: Israeli GDP at Constant Prices (US$ Billion), 2009–2013
Figure 15: Israeli GDP Per Capita at Constant Prices (US$), 2009–2013
Figure 16: Israeli GDP at Current Prices (US$ Billion), 2009–2013
Figure 17: Israeli GDP Per Capita at Current Prices (US$), 2009–2013
Figure 18: Israeli GDP by Key Sector (%) 2008 and 2012
Figure 19: Israeli Agriculture, Hunting, Forestry and Fishing Net Output at Current Prices (US$ Billion), 2008–2012
Figure 20: Israeli Agriculture, Hunting, Forestry and Fishing Net Output at Current Prices as a Percentage of GDP (%), 2008–2012
Figure 21: Israeli Manufacturing Net Output at Current Prices (US$ Billion), 2008–2012
Figure 22: Israeli Manufacturing Net Output at Current Prices as a Percentage of GDP (%), 2008–2012
Figure 23: Israeli Mining, Manufacturing and Utilities Net Output at Current Prices (US$ Billion), 2008–2012
Figure 24: Israeli Mining, Manufacturing and Utilities Net Output at Current Prices as a percentage of GDP (%), 2008–2012
Figure 25: Israeli Construction Net Output at Current Prices (US$ Billion), 2008 – 2012
Figure 26: Israeli Construction Output at Current Prices as a Percentage of GDP (%), 2008–2012
Figure 27: Israeli Inflation Rate (%), 2009–2013
Figure 28: Israeli Exports as a Percentage of GDP (%), 2008–2012
Figure 29: Israeli Imports as a Percentage of GDP (%), 2008–2012
Figure 30: Israeli Merchandise Exports Growth (%), 2009–2012
Figure 31: Israeli Merchandise Imports Growth (%), 2009–2012
Figure 32: Israeli Annual Average Exchange Rate US$–ILS, 2009–2013
Figure 33: Israeli Commercial Vehicles Exports – Total Value (US$ Million), 2009–2013
Figure 34: Israeli Commercial Vehicles Imports – Total Value (US$ Million), 2009–2013
Figure 35: Israeli Automotive Exports – Total Value (US$ Million), 2009–2013
Figure 36: Israeli Automotive Imports – Total Value (US$ Billion), 2009–2013
Figure 37: Israeli Internet Subscriptions (Millions), 2009–2013
Figure 38: Israeli Size of Labor Force (Million), 2008–2012
Figure 39: Israeli Unemployment Rate (%), 2009–2013
Figure 40: Israeli Household Consumption Expenditure (US$ Billion), 2008–2012
Figure 41: Israeli Total Population (Million), 2009–2013
Figure 42: Israeli Urban and Rural Population (%), 2009–2013
Figure 43: Israeli Population Distribution by Age (%), 2008–2012

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